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No - absolutely not! The history of the loan cannot be changed unless it is inaccurate. The best they can do for you is change the status to "C" which would indicate that the loan was cleared in full (once you pay it off, that is).New Recruit said:I am awaiting a report form ICB but i am wondering can i bargin with the banks to take me off the bad debtors list if i pay in full. I have heard my previous address was awash with red letters for a year or more so i presume a court judgement has been ordered against me.
Forget any hope of a mortgage. No lender will touch you if you left loans outstanding for 3 years. Not until 5 years after the last loan was cleared. If your girlfriend believes she's buying a house with you "soon" you'd better tell her the truth - that soon is going to be at least 5 years away if you have to borrow. Bear in mind also that whatever institutions you had the loans with won't treat you favorably until they see responsible behaviour. 75% of my debts were with BOI but they were trying to give me a Gold credit card only 2 months ago because I'd cleared everything in full over 2 year ago.New Recruit said:I will earn over €150k per annum but really need advice as i'm due to buy a house soon with my girlfriend who as you guessed knows nothing of my past money problems!
New Recruit said:I have heard my previous address was awash with red letters for a year or more so i presume a court judgement has been ordered against me.
They can charge whatever rate they like up until judgment. Then, from the date of judgment it is at the rate of 8% per annum simple interest. It all adds up thoughbond-007 said:The interest charged will not be at CC rates loan rates etc, they are only allowed to charge interest at the court approved rate which is 8% at present.
bond-007 said:There is a district court judge that so dislikes the banks taking debtors to court that the judge publicly criticises the banks lending and interest policies (ie waiting too long to obtain judgment so the interest piles up) and often will not award the banks their costs.
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